Case Studies
Tilray Medical Expands to Panama Market
NEW YORK – Tilray Medical, the pharmaceutical arm of Tilray ...
Cronos Group Inc Reports Q2 2025 Financial Results
TORONTO – Cronos Group Inc., a Canadian cannabinoid company with an international outreach, reported its Q2 2025 financial results, showcasing a 21% year-over-year increase in net revenue, reaching $33.5 million. The growth was primarily driven ...
Cresco Labs Reports Q2 2025 Financial Results
CHICAGO – Cresco Labs Inc. released its Q2 2025 financial results, revealing a mix of operational stability, revenue headwinds, and a pivotal debt restructuring. The company reported revenues of $164 million, down 11% from $184 ...
The Cannabist Co Holdings Reports Q2 2025 Financial and Operational Results
CHELMSFORD – The Cannabist Company Holdings Inc., a leading U.S. Cannabis cultivator, manufacturer, and retailer, released its financial and operational results for the second quarter of 2025, indicating ongoing efforts to streamline operations and strengthen ...
ICE Raids California Cannabis Farms as Budget Swells and Allegations Mount
CARPINTERIA, Calif. — In a sweeping operation that has stirred legal, political, and cultural tensions across California, federal immigration authorities executed high-profile raids on two cannabis farms operated by Glass House Brands, one of the ...
Legal Status of Cannabis in Europe
LOS ANGELES- A growing number of European countries now permit the use, cultivation or sale of cannabis under regulated conditions, driven by evolving public policy and emerging economic opportunity. Germany legalized limited recreational use on ...
New Lawsuit Challenges Lottery Process for Kentucky Medical Cannabis Licenses
LOS ANGELES- A group of Kentucky-based applicants has filed a lawsuit arguing that the state’s lottery system for awarding medical cannabis licenses is unconstitutional and unfairly structured. The suit, filed on June 27 in Jefferson ...
Organigram Expands U.S. Market Through Collective Project Direct to Consumer Launch and THC Beverage Portfolio Expansion
LOS ANGELES- Organigram Global Inc. Canada’s largest cannabis producer by market share, has entered a significant new phase in its U.S. strategy. Through its recently acquired subsidiary, Collective Project, the company has launched a direct-to-consumer ...
Cronos Group Inc Reports Q2 2025 Financial Results
TORONTO – Cronos Group Inc., a Canadian cannabinoid company with an international outreach, reported its Q2 2025 financial results, showcasing a 21% year-over-year increase in net revenue, reaching $33.5 million. The growth was primarily driven ...
Cresco Labs Reports Q2 2025 Financial Results
CHICAGO – Cresco Labs Inc. released its Q2 2025 financial results, revealing a mix of operational stability, revenue headwinds, and a pivotal debt restructuring. The company reported revenues of $164 million, down 11% from $184 ...
The Cannabist Co Holdings Reports Q2 2025 Financial and Operational Results
CHELMSFORD – The Cannabist Company Holdings Inc., a leading U.S. Cannabis cultivator, manufacturer, and retailer, released its financial and operational results for the second quarter of 2025, indicating ongoing efforts to streamline operations and strengthen ...
Biden’s Groundbreaking Pardons Signal a Paradigm Shift in Cannabis Policy and Justice Reform
WASHINGTON, D.C. -- In a groundbreaking move addressing the historical injustices wrought by the nation's approach to cannabis, President Joe Biden has wielded his executive powers to grant pardons to thousands ensnared in the web ...
OPINION: How the CDTFA Bilked Millions from CA Cannabis Consumers and How We Stop Them
LOS ANGELES- The voter approved Prop 64 law granted California excise taxing authority on cannabis & cannabis products. The rate of 15% was originally to be collected by retailers. The statutory definition of this taxing ...
Colorado Voter Initiative Challenges Federal Law on Cannabis Users’ Gun Rights
LOS ANGELES- A new voter initiative in Colorado is stirring up a significant debate over the intersection of cannabis legalization and gun rights. The proposal, spearheaded by the pro-gun advocacy group Guns for Everyone, aims ...
Controversy Arises Over Ohio’s New Cannabis Control Superintendent Appointment
LOS ANGELES- Ohio's recent strides towards cannabis legalization have been met with a mix of anticipation and concern, particularly following the appointment of James V. Canepa as the first Superintendent of the Division of Cannabis Control. ...
Minnesota Health Officials Caution Against Illegal High-Potency Hemp Products
LOS ANGELES- The Minnesota Department of Health has issued an urgent warning to consumers regarding the sale of unregulated and illegal cannabis products that exceed the state's THC potency limits. Despite legalizing recreational cannabis earlier ...
California Attorney General Warns of Federal Risks in Interstate Cannabis Commerce
LOS ANGELES- California Attorney General Rob Bonta has recently raised significant concerns over the potential federal legal risks involved in initiating interstate cannabis commerce. This issue has become a pivotal point of discussion following the ...
Italian Cannabis Reform Campaign Nears Signature Milestone in Record Time
ROME — In an unprecedented surge of public support, a campaign for cannabis reform in Italy has achieved nearly half the required signatures in just one week to bring the issue before the Parliament. This ...
Psychedelics Regulatory Maze: Navigating the State-Federal Conundrum
The expanding legalization of psychedelics for medical and therapeutic uses across various states in the United States is stepping into a complex regulatory terrain, one previously charted by the cannabis industry. This emerging scenario raises ...
MedMen Reduces Operations to Four States with Sale of Arizona and Nevada Assets
LOS ANGELES- MedMen Enterprises Inc., a Florida-based cannabis company known for its extensive operational struggles, has taken a significant step in restructuring its business. On Wednesday, the company announced its decision to divest its cannabis ...
New York Officials Shut Down Unlicensed Cannabis Shop Amid Brooklyn’s Legal Market Expansion
NEW YORK- In a decisive move by New York state authorities, Big Chief Smoke Shop, an unlicensed cannabis retailer operating in Brooklyn, has been forcibly shut down. This action, led by Governor Kathy Hochul, Attorney ...
Numinus and Cedar Clinical Research Join Beckley Psytech’s Phase 2b Psychedelic Trial for Depression
Numinus Wellness Inc. recognized for approach to mental health care, has announced a significant milestone in psychedelic-assisted therapies. Its research arm, Cedar Clinical Research (CCR), has been selected as a pivotal site for a groundbreaking ...
Regulatory Hurdles Challenge Social Equity Cannabis Licensing in Missouri
LOS ANGELES- In a significant development impacting Missouri's cannabis industry, nearly one-quarter of the 48 social equity cannabis microbusiness permits awarded in October have been declared ineligible by the Department of Health and Senior Services ...
California to Implement New Employment Protections for Cannabis Users in 2024
LOS ANGELES- California is set to enact groundbreaking laws that provide new protections for employees who consume cannabis, marking a significant shift in workplace policies since the state's major cannabis reforms. Starting January 1, 2024, ...
Organigram Reports Q3 Fiscal 2023
LOS ANGELES- Organigram Holdings Inc. a licensed producer of cannabis, today unveiled its financial outcomes for the third quarter ending May 31, 2023. The period was marked by remarkable resilience and growth in the company’s ...
Nebraska Medical Cannabis Initiative Gains Momentum Amid Opposition
LOS ANGELES- In Nebraska, a significant movement is underway as the group Nebraskans for Medical Marijuana (NMM) intensifies its efforts to gather signatures for two pivotal medical cannabis legalization initiatives aimed for the 2024 ballot. ...
MindMed Announces Promising Results from Phase 2b Trial of MM-120 for Generalized Anxiety Disorder
LOS ANGELES- Mind Medicine (MindMed) Inc, a biotech company focusing on psychedelic-inspired therapies, recently revealed encouraging topline results from its Phase 2b clinical trial of MM-120 (lysergide d-tartrate) in treating Generalized Anxiety Disorder (GAD). The ...
Sunstone Therapies Reports Breakthrough in Psilocybin-Assisted Therapy for Cancer Patients with Depression
LOS ANGELES- Sunstone Therapies, a organization in psychedelic-assisted therapy, recently announced notable findings from its phase 2 clinical trial, published in the journal Cancer. This trial marks a significant step in understanding the potential of ...
CSU’s Institute of Cannabis Research Invests $800,000 in Groundbreaking Studies
LOS ANGELES- The Institute of Cannabis Research (ICR) at Colorado State University (CSU), Pueblo, has announced a significant investment in cannabis research, earmarking $800,000 for six pioneering studies. This initiative, funded through the Colorado Marijuana ...
Federal Cannabis Legalization: A Path to $8.5 Billion in Tax Revenue
LOS ANGELES- In a groundbreaking analysis, the Tax Foundation, a Washington D.C.-based think tank renowned for its insights on taxation, has released a report that casts new light on the potential fiscal benefits of federal ...
Clearmind Medicine Inc. Regains Nasdaq Compliance with Enhanced Bid Price Stability
LOS ANGELES- Clearmind Medicine Inc. has recently achieved a significant financial milestone. The biotech company, known for its innovative approach in developing psychedelic-derived therapeutics, announced its regained compliance with Nasdaq's minimum bid price requirement. This ...
Colorado’s MED Prepares for Future of Cannabis Inventory Tracking
LOS ANGELES- The Colorado Marijuana Enforcement Division (MED) is at a pivotal juncture in its oversight of the state's cannabis industry. Since the legalization of recreational cannabis in 2012, the MED has played a crucial ...
Massachusetts Cannabis Control Commission Officials’ Suspension
LOS ANGELES- In a recent development that has sent ripples through Massachusetts' cannabis sector, the Massachusetts Cannabis Control Commission is grappling with internal instability following the suspension of two senior executives. This turmoil, underscoring potential ...
Algernon Pharmaceuticals Announces $150,000 Private Placement for Working Capital
LOS ANGELES- Algernon Pharmaceuticals Inc., a Canadian clinical stage pharmaceutical development company, has announced a non-brokered private placement aiming to raise $150,000. The offering comprises units priced at $0.075 each, with each unit consisting of ...
MindMed Announces Breakthrough in GAD Treatment with MM-120 in Clinical Trial
LOS ANGELES- Mind Medicine (MindMed) Inc., a clinical stage biopharmaceutical company, has reported promising results from its Phase 2b clinical trial of MM-120 (lysergide d-tartrate) in treating generalized anxiety disorder (GAD). The trial achieved its ...
Trulieve Alabama Recognized as Minority-Owned Business
LOS ANGELES- The Alabama Medical Cannabis Commission (AMCC) has recently taken a significant step forward in the development of the state's medical cannabis industry. In a pivotal move, the AMCC awarded integrated licenses to five ...
